BTC
-2.71%
60,551.00
USD
▼
MXN ≈ 1,067,376
cnbc.com
Oil extends decline as Trump accuses oil firms of 'gouging' consumers
U.S. President Donald Trump intensified pressure on oil companies to lower gasoline prices following the recent decline in crude.
cnbc.com
MSCI keeps South Korea as emerging market, delays Indonesia review amid downgrade risk
The review comes amid hopes that Seoul could be included in MSCI's Developed Markets watchlist.
theguardian.com
Progressive economists reject Unite leader’s criticism of Ed Miliband
Sharon Graham is urged to withdraw her claim that the energy secretary would cost jobs if he became chancellorMore than 40 progressive economists have written to Sharon Graham, the leader of Unite, rejecting her claim that Ed Miliband would destroy jobs if he becomes the next chancellor.With Andy Burnham almost certain to be prime minister within weeks, there is a fierce debate within Labour about who should succeed Rachel Reeves at the Treasury, with Miliband considered a frontrunner. Continue reading...
theguardian.com
‘A total, utter nightmare’: small businesses on Brexit, 10 years on
Cheesemakers, farmers, exporters and wine merchants say red tape, lack of vision and rising costs mean they have stopped trading, sold up or retired earlyOut of pocket, out of business, retired early. These are the tales of the “sunlit uplands” experienced by small-to-medium-sized businesses across Britain after Brexit.Between 16,000 to 20,000 businesses stopped exporting to the EU altogether, but others who soldiered on complain Boris Johnson’s government catered for the “blue chips”, not the small, everyday companies when they designed the hard Brexit for Britain. Continue reading...
theguardian.com
Keir Starmer couldn’t beat the curse of Brexit – a politics poisoned by nationalism | Rafael Behr
The outgoing prime minister’s efforts to mobilise a healthier kind of patriotism fell flat. Andy Burnham may stand a better chanceBritain is not ungovernable, but the chalice of high office has been spiked with unusually fast-acting poison. Six prime ministers down in a decade. The spectacle of the lectern planted outside No 10 for a resignation speech has acquired the familiarity of ritual.Since the Brexit referendum, the average tenure in Downing Street has been less than two years. That ballot isn’t directly responsible for ending Keir Starmer’s reign. He brought deficiencies to the job that have nothing to do with the EU. He took power without a clear sense of what he wanted it for and resented the expectation that he explain himself better. But those weaknesses were more cruelly exposed in our parched post-Brexit climate, a decade into the goodwill drought.Rafael Behr is a Guardian columnist Continue reading...
theguardian.com
‘The soul’s been ripped out of it’: Birmingham community housing scheme on brink over costs dispute
Row over ‘landmark’ development in Stirchley has left people homeless and put businesses at risk, say localsA housing development in Birmingham, touted as a model for community-owned housing in the UK, is at “serious risk of collapse” due to a dispute over construction costs.The Stirchley Cooperative Development (SCD), which was founded by local residents and businesses in Birmingham in 2016, was meant to provide 39 affordable and landlord-free homes owned and run by the people who live and work there by 2024. Continue reading...
theguardian.com
‘Who is going to pay us when we’re replaced by robots?’ The Indian factory workers told to film themselves for AI
When workers had cameras attached to them, they found it funny at first. But novelty soon turned to concernThe first time the factory supervisors handed garment worker Lalita* a head-mounted camera, she burst out laughing. “The way people mount a CCTV camera on a wall, they mounted one on us,” she says.The 32-year-old had been working at the garment factory on the outskirts of Delhi for nearly a year when management asked workers on her line to strap small cameras to their foreheads before starting their shifts. Nobody explained why. Continue reading...
cnbc.com
Ukraine is raising the cost of war for Russia — and testing Putin's resolve
A string of political victories and deep-strike successes has bolstered confidence in Ukraine amid its long-running war with Russia.
theguardian.com
‘Walking a tightrope’: Burnham’s borrowing plans clash with fiscal realities
The man tipped for No 10 could also come under immediate pressure if his chancellor is deemed by bond markets to be too left-wingAndy Burnham would enter Downing Street already “boxed in” by financial markets if he signals a rise in borrowing to pay for a more expansive policy agenda, bond investors have warned.The newly elected MP for Makerfield, who is widely expected to be the next prime minister, could also quickly come under pressure if he chooses a chancellor who is seen to be too leftwing by bond markets. Continue reading...
theguardian.com
Britain is still stuck on its ex – but after 10 long, lonely years, does the EU feel the same way? | Katy Lee
As a podcast host, I speak daily to people on both sides of the breakup. A decade after the referendum, it’s clear who’s moved onLet’s imagine you’ve been dumped by someone you were expecting to stay with for the rest of your life. The breakup is bitter. The logistics, exhausting. The two of you spend an eternity negotiating who gets to keep the dog, the flat, the friends; it’s hard to imagine that things will ever feel normal again. But the years have a way of softening these things. Some years later, a photo of your ex flashes up on your social media feed. And suddenly, you realise you feel no grudge. In fact, you barely feel anything at all.This is how it feels to be an EU citizen a decade after Brexit. As the host of a podcast called The Europeans, I talk to people across Europe on a daily basis. Nobody I speak to bears the United Kingdom – the country I called home until my late 20s – any ill will. They enjoy our films and our pop music (even though it’s harder to actually see British artists live); sometimes they go on weekend trips to London and come back complaining about how expensive it was. Continue reading...
cnbc.com
Three New York Democrats backed by Mamdani win House seat primaries; 2 incumbents lose
Two candidates backed by the Democratic Socialist of America won their primaries, a year after the DSA-backed Zohran Mamdani won New York mayor's race.
cnbc.com
Asia tech stocks mixed as Samsung rebounds, but chip shares remain under pressure after global selloff
Asia's technology stocks pared an earlier rebound to trade mixed on Wednesday after global equities posted steep losses in the previous session.
cnbc.com
VIX owner Cboe jumps into prediction markets to build on zero-day options growth
Global markets operator Cboe has launched its first prediction markets products to meet consumer demand in the fast growing sector.
theguardian.com
Britain, Brexit, Burnham: how was it for EU? – podcast
A decade after Brexit, the UK simply can’t shake the legacy of the referendum. But with shifting public opinion and the rise of Andy Burnham, could Britain be plotting a path back to the EU?It’s been 10 years since the UK woke up to the shock of the Brexit referendum result, which upended British politics and rattled the establishment to its core.The Guardian’s economics editor, Heather Stewart, and Nosheen Iqbal examine the long shadow that decision cast over the country. From economic friction and the toxic immigration debate to the endless churn of prime ministers, the UK just can’t seem to get over Brexit. Continue reading...
cnbc.com
The biggest wealth transfer in history is here: How the next generation will spend the trillions
The greatest wealth transfer is underway, and heirs who are set to inherit are preparing to use the money very differently from the generations that built it.
cnbc.com
CNBC Daily Open: Tech rout, MSCI moves on Indonesia and South Korea in focus
Global sell-off in tech stocks continues to rattle markets which spilled over to precious metals amid worries of higher interest rates.
theguardian.com
Chinese supercomputer leapfrogs best US machines to be ranked world’s fastest
China’s LineShine debuts at number one in Top500 – a list sometimes viewed as a national measure of global tech prowessA supercomputer in China now outranks its US counterparts as the world’s most powerful. It is the first time since 2017 that a Chinese computer has topped a list sometimes viewed as a measure of a nation’s technological prowess.The LineShine computer in Shenzhen displaced top-ranked US computer El Capitan in the Top500 rankings released on Tuesday. It was LineShine’s debut on the list. Continue reading...
bbc.co.uk
Who could be the UK's next chancellor?
The prime minister's resignation has fired the starting gun on the race to be in charge of the UK's finances.
bbc.co.uk
Google's YouTube settles social media addiction case with teen
The 15-year-old plaintiff's case against three other tech giants begins next month.
bbc.co.uk
Chinese e-commerce giant Alibaba sues US government over defence blacklist
It is suing the US defence department after it was added to a list of firms with ties to the Chinese military.
bbc.co.uk
Stanford was their golden ticket - could AI help or hinder that?
The BBC spoke with Stanford University graduates about what they really think about artificial intelligence.
bbc.co.uk
Ten years on, Brexit's economic impact is becoming clearer
A decade ago, many economists argued the UK would sustain longer-term economic damage by leaving the EU. So what did happen?
bbc.co.uk
The economic challenges facing the next prime minister
Though the person in charge of the country will change, the fiscal issues remain the same.
theguardian.com
Deaths linked to London air pollution have fallen 40%, study estimates
However, Imperial College team also find that pollution has worse health impact than previously understoodDeaths linked to air pollution fell by an estimated 40% in London over the five years from 2019, according to new analysis.The city’s mayor, Sadiq Khan, welcomed what he called “overwhelming evidence” that his ultra-low emission zone was saving lives. Continue reading...
theguardian.com
Adidas, Uniqlo and Calvin Klein ads in UK banned over ‘recycled’ clothing claims
UK regulator has increased its scrutiny of fashion retailers over potentially misleading environmental statementsAds for Calvin Klein, Adidas and Uniqlo promoting “recycled” clothing and shoes have been banned by the UK watchdog after the advertisers were unable to prove their green claims.Each of the fashion companies ran paid-for Google ads, with Adidas promoting “recycled running shoes”, Calvin Klein “recycled” tops for women, and Uniqlo advertised fleece coats and jackets made from “recycled materials”. Continue reading...
theguardian.com
Multiple Airbus o80 planes to be grounded for urgent inspections after cracks found in wings
Airbus to inspect 15 Emirates and one Qantas plane after cracks found in structural wing beam of some jetsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAirbus will inspect 16 o80 planes, five of them immediately, after cracks were found in a key wing component on aircraft used by the Emirates and Qantas airlines.The European Union Aviation Safety Agency (EASA) has ordered urgent inspections requiring airlines to examine the wing-spar structure on the affected jets after inspectors found cracks during routine maintenance checks. Continue reading...
theguardian.com
Card payments outage hits pubs and shops during England match
Customers report having to use cash at stores such as Tesco and to buy drinks due to outage at payments processor WorldPayShoppers reported problems with making card payments at British pubs and supermarkets on Tuesday after a power outage affected one of the world’s largest payment processing platforms.Customers said contactless payments were not working at a number of stores including Tesco branches at a time when football fans were watching the World Cup group game between England and Ghana at pubs, screenings and restaurants. Continue reading...
cnbc.com
Cerebras falls 10% after chipmaker forecasts shrinking margin in first earnings report since IPO
Cerebras went public on the Nasdaq in May, giving Wall Street access to a pureplay AI company.
cnbc.com
FedEx posts strong earnings results in last quarter with freight business
FedEx posted strong fiscal fourth quarter earnings on Tuesday in the company's last quarter that included the freight business before its spin-off.
bbc.co.uk
Kunal Shah: The Indian entrepreneur taking charge of WhatsApp
Kunal Shah has been a recognisable figure in India's startup ecosystem for a while but now he faces global spotlight.
cnbc.com
SpaceX raises $25 billion in debt sale less than two weeks after IPO
SpaceX raised $25 billion in a debt sale, after seeing nearly $90 billion worth of orders, sources say.
cnbc.com
Meta is building a prediction markets app. These stocks fell in response
The report said that CEO Mark Zuckerberg directed staff to develop a prediction markets platform, internally known as "Arena."
cnbc.com
SpaceX closes nearly 1% higher, snapping three-day losing streak
Gains have been pared back at the space and AI company following an initial surge off of its record-breaking IPO.
cnbc.com
Oil prices edge lower as market monitors tanker traffic through Strait of Hormuz
Oil falls Tuesday as investors continue to assess the latest developments in the Middle East, while showing optimism the conflict may end soon.
cnbc.com
Strait of Hormuz evacuation plan to begin for ships stranded in Persian Gulf, maritime organization says
More than 11,000 seafarers stuck in the Persian Gulf will begin to exit through the Hormuz Strait in a large-scale evacuation plan backed by Iran and the U.S.
theguardian.com
Europe’s heatwave drives electricity prices to new highs as demand soars
Great Britain has paid at least six times the normal price for imported power as millions turn on air conditioning and windfarm output sagsThe heatwave has prompted a sharp rise in electricity prices across European markets as millions turn to air conditioners and electric fans to battle record high temperatures, which have also caused a string of power plant outages across the continent.Great Britain imported electricity from Europe at more than six times the normal price on Tuesday as the high-pressure heat dome has slowed wind speeds, hitting renewable energy generation, and led to outages at multiple gas plants across the country. Continue reading...
cnbc.com
PGA Tour CEO Brian Rolapp unveils sweeping changes to professional golf
Changes to the PGA Tour are designed to elevate competition and raise payouts for winners.
cnbc.com
Inside Kevin Warsh's selection process for the next Atlanta Fed president
Choosing a new head for the Federal Reserve Bank of Atlanta is an opportunity for new Fed Chairman Kevin Warsh to reshape the central bank.
cnbc.com
Gold and silver tumble as rate-hike fears hit precious metals
Gold and silver fell Tuesday as rate-hike fears pressured precious metals and Wall Street banks reassessed their gold forecasts.
bbc.co.uk
Meta halts worker tracking for AI training due to privacy fears
The company had started just two months ago tracking workers’ computer usage for AI training data.
bbc.co.uk
Campaigners consider appeal after Gatwick bids fail
A High Court ruling backs Gatwick Airport's expansion after campaigners raise climate concerns.
bbc.co.uk
Tech stocks tumble on concerns over AI spending
A sudden wave of selling in major tech shares triggers doubt over the sustainability of the AI boom.
theguardian.com
HMRC announces 22% tax on cash interest held in stocks and shares Isas
Treasury also promises a new first-time buyer Isa with no upper age limit, as the ‘age at which a first home is bought is rising’Isa reforms announced on Tuesday promise a new first-time buyer account with no upper age limit, and a tax on interest on cash savings held in a stocks and shares wrapper.Savers and investors can currently hold up to £20,000 a year in Isas, which offer the chance to earn returns which are not subject to tax. Continue reading...
theguardian.com
When leasehold flat owners are being treated as second-class citizens | Letters
Readers respond to an article on a campaign that is fighting to end the leasehold system in England and WalesI read your article about the National Leasehold Campaign and the problems associated with owning a leasehold property (‘The developers got greedy’: the women who took on the leasehold scandal – and won, 16 June). I fully understand the financial costs of leasehold, be it ground rent, management fees or extending a leasehold. However, I would like to point out that there is another problem with owning a leasehold flat.The freehold to our blocks was purchased by developers, who announced that they would be building new flats on top of our homes. Despite appealing against this, leaseholders were powerless to stop the development. Since May 2025, we have had restricted daylight due to scaffolding that was erected six months before work commenced; trespass above the flats due to poorly secured access; water ingress into flats caused by intruders trying to steal copper; work carrying on into evenings above flats as well as on bank holidays; and work vehicles blocking access. I could list a whole lot more. The work has affected residents with noise, dust and disruption. Continue reading...
cnbc.com
Meta announces new smart glasses starting at $299, as Zuckerberg keeps pushing wearables
Meta executives have said they see the lightweight smart glasses as a step towards a more advanced device that includes screens in the lenses.
theguardian.com
Farage breaks cover at last but finds the £5m question hasn’t gone away | John Crace
A testy Reform UK leader tried to bat off questions about why a gigantic gift to him had anything to do with the publicHappy days. Ten glorious years. Maybe it was the chance to bask in the unmitigated triumphs of the UK’s decision to leave the EU. Maybe he wanted to take advantage of a rare lacuna. The vacuum between the last rites of the Keir Starmer government and the handover to Andy Burnham. The man from Makerfield who had only a few days ago been in such a hurry now finds he needs more time to get his ducks in a row. Or maybe it was just the hope that amnesia had set in. That it was safe to come out. Whatever it was, Nigel Farage chose to break cover.For more than eight weeks now the Reform leader has been a virtual recluse. From having to meet his cravings for an instant fix with two or three press conferences a week, Nige has refused to do any media. He has been in hiding. Only seen out with a few friendly faces. Posting videos of himself alone in a field where reporters can’t find him. Any suggestions that this has anything to do with the £5m gift, or whatever you want to call it, are obviously hopelessly wide of the mark. Nige just wants to be alone. To take a Garbo moment. Some me-time with the person he loves most in the world. Continue reading...
cnbc.com
Google’s online dominance is showing signs of cracking in AI era
While Google remains in a position of strength in the eyes of Wall Street, the AI era is complicating the company's story.
bbc.co.uk
Millions in UK could claim share of £3bn after Apple case given green light
Apple rejected the suggestion its practices are anti-competitive, saying many customers rely on third-party alternatives.
cnbc.com
U.S. issues sweeping Iran oil sanctions waivers, unlocking billions in revenue for Tehran
The U.S. issued a sweeping rollback of sanctions on Iranian oil, offering Tehran an economic lifeline as negotiations toward a peace deal proceed.
theguardian.com
US AI stock sell-off shakes markets from Wall Street to Asia
Losses spread globally as investors questioned soaring valuations and spending on AI infrastructureA tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have driven stock markets to record highs.The tech-heavy Nasdaq index closed 2.2% lower on Tuesday. The S&P 500 was also down by Tuesday afternoon, dropping 1.43% while the Dow remained steady. Continue reading...
cnbc.com
Brexit 10 years later: How the UK economy and politics changed, in charts
Ten years after the Brexit vote, CNBC compiled these charts show how the U.K. has changed across growth, immigration, sterling, trade and politics.
cnbc.com
Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants
"The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," Oracle said.
bbc.co.uk
Stop pretending EU's new border system is working, says airports chief
The head of Europe's airports lobby says concerns over EES are keeping him awake at night and he doesn't know how airports will cope over the summer.
theguardian.com
Audit firm to Gupta metals empire fined and banned for ‘egregious’ failures
UK watchdog gives King & King severe reprimand for failing ‘to identify clear self-interest’ when conducting auditsBusiness live – latest updatesThe UK’s accounting watchdog has fined and temporarily banned a tiny audit firm for “egregious” failures and “widespread deficiencies” linked to its work in signing off accounts of several companies in Sanjeev Gupta’s metals empire.King & King and its managing partner Milankumar Patel have been fined a total of £378,184, received a “severe reprimand”, and hit with serious restrictions on audit work after a four-year investigation by the Financial Reporting Council (FRC). Continue reading...
cnbc.com
Who is Andy Burnham? And 4 other things investors should know as the UK replaces its prime minister
Keir Starmer’s exit puts Andy Burnham, gilts, sterling and the next UK chancellor in focus for investors.
bbc.co.uk
Iran says no new commitments on nuclear sites after Vance says inspectors to be invited back
Iran's foreign ministry says it made "no new commitments" on nuclear inspections after talks in Switzerland.
theguardian.com
Majority of datacenters are vulnerable to climate threats like floods and fires, study finds
Study warns AI datacenters are vulnerable to the climate hazards that their global greenhouse gas emissions bolsterAmid rising concern that the artificial intelligence boom is fueling the climate crisis, a new report has found that nearly 80% of datacenters are also exposed to extreme climate hazards, including flooding, extreme winds and wildfires.Those impacts are leaving the infrastructure vulnerable to disrupted operations, increased time offline, and inflated insurance and repair costs, the research from climate risk analytics firm First Street shows. Continue reading...
theguardian.com
Can the UK kick its cod habit? Fish and chip shop favourite slips down the menu as prices soar
The cost of the traditional takeaway has doubled since 2019, and more outlets are trying to tempt customers with cheaper options such as coley, pollack and hakeIn late April, visitors to Harbour Lights in Falmouth, Cornwall, may have raised an eyebrow. The fish and chip shop was in the midst of a “cod-free week”, its owners having removed cod from its menu entirely.It was the second time owner Pete Fraser had undertaken the experiment, 15 years after the first. He also removed cod from his shops in Penzance and Helston, replacing it with coley, pollack, hake and hoki. The result was very different. “Some of the feedback we had, which certainly wasn’t what we got when we ran it years ago, is ‘Can you repeat this?’ Before, it was like, ‘Have you guys lost your head’?” Continue reading...
theguardian.com
Royal Mail boss’s pay package triples to £6.9m despite profits slide
Martin Seidenberg, chief executive of parent company IDS, handed payouts after takeover of UK postal serviceBusiness live – latest updatesThe boss of Royal Mail’s parent company received almost £7m in pay and bonuses last year – more than triple the previous figure – despite group profits slumping by a fifth.Martin Seidenberg, group chief executive of International Distribution Services (IDS), took home £6.9m in pay, bonus and long-term incentive scheme awards in the year to 29 March, compared with £2.1m the previous year. Continue reading...
theguardian.com
Air pollution is a fixable problem – just look at how London and New York have cleaned up their acts | Sadiq Khan and Michael Bloomberg
We’ve shown that rapid, measurable progress is achievable in our cities. Here’s how that can now be replicated worldwideSadiq Khan is the mayor of London. Michael Bloomberg is a former mayor of New York CitySome public health threats make global headlines: Covid-19. Ebola. Famine. When these disasters hit, photographs and videos of people suffering and dying spur countries to respond, international bodies to cooperate and individuals to donate supplies and money. Yet one of the world’s deadliest threats gets almost no attention at all, because it is largely invisible to the public and mostly absent from media coverage: air pollution.Every day, billions of people are inhaling air that is shortening their lives and making them sicker with every breath. Every year, air pollution kills more than 8 million people worldwide. That’s more deaths than HIV, malaria and tuberculosis combined. It hides in plain sight and strikes without mercy, leading to heart and lung disease, cancers and other deadly conditions.Sadiq Khan is the mayor of London. Michael Bloomberg is a former mayor of New York City Continue reading...
bbc.co.uk
Tech giant Oracle cuts 21,000 jobs as it embraces AI
The cuts are part of a wider trend among tech firms as they spend hundreds of billions of dollars on AI.
theguardian.com
I stand by what I said 10 years ago. We were right to leave the European Union | Larry Elliott
The Brexit vote showed that class still matters in British politics – and the changes needed are ones the EU would never have allowedRead more from the Brexit Vote: 10 Years On seriesOn the morning after the vote for Brexit, the Guardian’s newsroom was deathly quiet. There was disbelief that the public had voted the way it had, and the place was in mourning. With one exception the paper’s columnists had backed remain, and the shock of defeat was all the harder to bear because they had expected their side to triumph. The exception to the house view was me – and I certainly received some old-fashioned looks from my colleagues that day. Judging by my inbox, both then and thereafter, my colleagues were more in tune with the readers than I was, but the editor thought it important that my leftwing case for Brexit should be given a hearing. Ten years on, that case is worth restating. The first strand in the argument is that Europe isn’t working, and hasn’t been working for a long time. There has always been an economic case for EU membership but it has become harder to make down the years. When Britain was first applying to join what was then the European Economic Community, the major European economies were growing a lot faster than Britain, and were also closing the gap with the US. That is no longer the case. In the more than 17 years since the financial crisis, the US has grown by 87%, compared with the EU’s 13.5% – more than six times as fast. True, the Office for Budget Responsibility has estimated that the economy will be 4% smaller in the 15 years after the referendum than it would have been had the UK remained in the single market – but this finding should be treated with some scepticism. As Jeremy Hunt, who campaigned for remain, told the BBC last week, for the economy to be 4% bigger today it would have had to have grown as fast as the US – something the former chancellor finds implausible. The second is that Brexit highlighted the weaknesses of Britain’s financial services-dominated economic model, and provided the opportunity to try something different. While it would be wrong to blame Brussels for all Britain’s economic woes, any serious repair job requires a freedom of manoeuvre that EU membership made more difficult. The government’s decision to impose tariffs to protect Britain’s steel industry and to cut duties on 100 imported food products to ease the cost of living crisis are examples of that freedom being used. If Andy Burnham is serious about reversing “40 years of neoliberalism”, that will require curbs on the free movement of capital, goods and people – all expressly forbidden by single-market rules.And third, Brexit was a howl of anger from those parts of Britain that felt marginalised and forgotten. It was a vote for a different economic settlement to put right the damage caused by deindustrialisation and globalisation.Larry Elliott is a Guardian columnistDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
bbc.co.uk
Can you keep your kids off school or refuse to work during a heatwave?
As temperatures increase significantly over the next few days, these are your rights.
bbc.co.uk
Ticket reseller StubHub UK customers to get refunds over illegal hidden fees
The Competition and Markets Authority said StubHub must refund 50,000 customers and pay a fine.
cnbc.com
U.S. fights with Brazil for China's giant soybean market
The U.S. Soybean Export Council makes claims to higher quality a selling point over Brazil's crop, as American farmers attempt to win back business from the world's largest importer
cnbc.com
How Europe is grappling with extreme heat as red alerts issued in Britain, France, Spain and Italy
Several European countries issued red weather alerts as a fresh bout of extreme heat pushed temperatures beyond 40 degrees Celsius (104 degrees Fahrenheit).
cnbc.com
How a $4 billion Indian startup won Meta's backing but lost its founder to WhatsApp
Indian fintech startup Cred will raise $900 million in a round led by Meta, but has lost its founder and CEO to WhatsApp.
theguardian.com
RIP Alan Greenspan: you were charming, powerful, and wrong | Robert Reich
The former Federal Reserve chair was a smart guy – but he had a huge blind spot. Here’s what I wish I’d said to himAlan Greenspan has died at the age of 100.My students don’t recognize his name, but you probably do. When he was chair of the Federal Reserve – for more than 18 years, from 11 August 1987 to 31 January 2006 – he not only ran the US (and most of the world’s) economy but was also in many ways the most powerful person in the US.Robert Reich, a former US secretary of labor, is a professor of public policy emeritus at the University of California, Berkeley. He is a Guardian US columnist and his newsletter is at robertreich.substack.com. His new book, Coming Up Short: A Memoir of My America, is out now in the US and in the UK Continue reading...
theguardian.com
StubHub UK fined almost £900,000 over ‘hidden’ ticket fees
Reseller is also ordered to refund more than 50,000 fans, while its rival Viagogo remains under investigationBusiness live – latest updatesThe online ticket reseller StubHub UK has been fined almost £900,000 and ordered to make payments to more than 50,000 fans for not showing the full price of tickets at the time of booking, an illegal practice known as “drip pricing”.The UK competition watchdog, which launched an investigation into the sales practices of eight companies including the rival reseller Viagogo UK last year, said StubHub must issue refunds exceeding £590,000 to customers. Continue reading...
theguardian.com
Nissan ‘shelves all-electric Qashqai plans’ as it cuts costs
Firm has been developing full EV version of its top-selling model in Europe at its plant in SunderlandBusiness live – latest updatesNissan has reportedly stopped developing a fully electric version of its Qashqai, its top-selling model in Europe, as the Japanese carmaker seeks to cut a fifth of its models and slash costs.The carmaker quietly halted development of a full EV version of the Qashqai at Sunderland, the site of the UK’s largest car factory, last year, according to a report by Reuters. Continue reading...
theguardian.com
My eight-year-old was refused a UK passport
The Passport Office accepted applications for my two other children but refused the youngest with exactly the same documentsI am a Briton living in Switzerland and my three children are British and Swiss nationals.When we found out via the Guardian that dual nationals, who live overseas, are now required to hold a British passport in order to enter the UK, we set about applying, so the children can continue to visit their English relatives. Continue reading...
bbc.co.uk
Tension 'likely' in new government - ex-chief
Kristina Moore says she expects to see "some quite considerable clashes" between senior politicians.
theguardian.com
‘I feel entirely vindicated’: three Guardian columnists debate Brexit and its legacy | Aditya Chakrabortty, Polly Toynbee and Simon Jenkins
Ten years on, our writers met to reflect on whether leaving the EU has made the UK richer or more racist – and how the union is doing without usRead more from the Brexit Vote: 10 Years On seriesAditya: I have three distinct memories of that entire period: the sense of anger, the sense of the confusion in Westminster and then, afterwards, this quick curdling into a really base form of racism. I remember reporting around south Wales and the north-east of England and then coming back into London, and noticing that one group were talking about their anger and frustration and the other were talking about facts. Continue reading...
theguardian.com
From bendy bananas to £350m for the NHS – how many Brexit promises actually came true?
Leaving the EU was supposed to solve Britain’s border issues, slash bureaucracy, revitalise the health service, even supercharge vacuum cleaners. How much control did we really take back?UK marks 10 years since the Brexit referendum – Europe liveTen long years have passed since that queasy morning of 24 June 2016, when Boris Johnson and Michael Gove addressed the cameras to hail the victory of the Vote Leave campaign, and a leap into the unknown for the UK.In the no-holds-barred battle of Brexit that spring, many alluring promises were made to tempt voters to turn their backs on the European Union. A decade on, we take a look at which of them ended up being met. Continue reading...
theguardian.com
Extreme heat: is the UK becoming a 40C country? – podcast
Met Office forecasters have issued a rare red weather warning for England, with temperatures potentially reaching 40C (104F) in some places. Europe is also dealing with a debilitating heatwave, with schools closed, trains cancelled and France even restricting the consumption of alcohol outdoors to take pressure off the emergency services. The high temperatures coincide with the coming El Niño, which some scientists have nicknamed Godzilla for its predicted strength. To find out whether the two are linked, Ian Sample hears from our Europe climate correspondent, Ajit Niranjan. He explains why it’s so hot, why we could be in for even worse and how we can keep as cool as possibleClips: Sky News, BBC, Arirang NewsEl Niño is back with a vengeance – and fears of ‘Godzilla’ strength may be the least of our worries Continue reading...
bbc.co.uk
Australia's coal and gas exports violate our human rights, group says in new UN case
The group says that it is unlawful for Australia to continue approving fossil fuel exports without protecting its citizens.
theguardian.com
Where did it all go wrong for Starmer? – podcast
The UK has lost its sixth prime minister in a decade. How did Keir Starmer go from landslide victory to resigning in two years?When the former human rights lawyer, full of ambition, won a landslide in the 2024 general election, hope was in the air. Keir Starmer had arrived on a promise to repair 14 years of Conservative damage. Just two years later, with anger and disappointment swelling across the country, he has been forcibly ejected from the job. He’s a decent man, we’re told repeatedly, but he’s the most disliked prime minister since modern polling began.As Starmer stepped out to the lectern outside Downing Street, he certainly looked the part. Elegant grey suit, immaculately slicked side quiff, and the dignified gravitas you’d expect from a prime minister. But he could not deliver. Continue reading...
cnbc.com
Tesla faces federal probe after Model 3 slams into Texas home, killing 76-year-old
Harris County authorities said that the driver, Michael Butler, said that he had been using Tesla's partially automated driving systems.
cnbc.com
Beijing is summoning executives again, but here's why that's causing less worry than in 2021
Beijing is summoning tech executives for meetings as it did in 2021, but now it has less room to wield a heavy hand due to deflation and rivalry with the U.S.
bbc.co.uk
Do you know your 'sweat score'? The rise of hydration tech
Hydration tracking gadgets are flooding the market but is it too much information?
bbc.co.uk
Tesla crash that killed a woman under US federal investigation
A Tesla driver on Friday said he was using ‘self-driving’ technology after his vehicle sped into a Texas home.
theguardian.com
Job scams are growing and getting tougher to spot: ‘That’s the reality of this hell job market’
Swindlers now use AI to send out floods of fraudulent messages to gain the personal information of job seekersAmericans are seeing more employment scams than ever as job seekers, facing a tough job market, report a bombardment of messages from swindlers try to lure them into giving sensitive information.Experts say the technology behind these scams has only gotten better over time, allowing fraudsters to easily impersonate employers and send out huge floods of direct messages and emails to job seekers. Continue reading...
theguardian.com
Keir Starmer’s economic legacy – in charts
PM said Labour had turned economy around – but his record on growth and unemployment appears mixedKeir Starmer used his leaving speech to lay out a long list of Labour’s achievements in office – but his economic legacy appears mixed, with sluggish UK growth and higher employment costs.The prime minister said his government had turned around an ailing economy, after 14 years of austerity. He said plans by the previous Tory administration to cut investment had been reversed and economic growth was the highest in the G7. Continue reading...
theguardian.com
EasyJet bidder is still offering less than a full ticket | Nils Pratley
Castlelake’s offer does not feel close to a knockout price – and it still needs to get shareholders (and Stelios) onboardUS firm goes public with £4.7bn proposal to buy easyJetIt’s an obvious tactic for a would-be bidder to deploy when its offers have been rejected three times by the target’s board of directors: go public with the proposed terms and hope the shareholders demand new talks.Castlelake’s playbook at easyJet is standard stuff and, since the “put up or shut up” bid deadline falls at end of this week, it had to try something. In its dream scenario, Stelios Haji-Ioannou would launch one of his old-style rockets at the easyJet board to shake things up. However, the airline’s founder and still 15% shareholder (with his family) has said nothing so far in support of either side. Continue reading...
bbc.co.uk
Alan Greenspan, architect of the modern American economy, dies aged 100
As chairman of the Federal Reserve, Alan Greenspan became the world's most high-profile banker.
bbc.co.uk
South East Water announces new chief executive
John Halsall has previously worked for Thames Water, South West Water and Network Rail.
bbc.co.uk
EasyJet says US bidder trying to buy it 'on the cheap' as it rejects £4.7bn offer
The airline describes the latest bid approach from Castlelake as "highly opportunistic".
theguardian.com
UK prime minister Keir Starmer announces resignation – video
Keir Starmer has confirmed he will resign as Britain's prime minister and leader of the Labour party. Starmer said he accepted with 'good grace' that he was not the best person to lead Labour into the next election. It comes as Andy Burnham, likely frontrunner for the post, makes his return to parliamentStarmer announces resignation as prime minister and leader of the Labour party - UK politics live Continue reading...
cnbc.com
Why a 66-year-old water treaty is becoming the latest India-Pakistan flashpoint
India and Pakistan are locked in a dispute over the Indus Water Treaty after New Delhi suspended the pact, raising concerns about regional stability.
theguardian.com
Paris taxi scam cost £493 but Monzo won’t help me
We were charged the wrong amount, but because the bank says we have no evidence it won’t do a chargebackI went to Paris to recover from the grief of losing my dog.All was going well until I took a taxi from a rank outside Musée d’Orsay to my hotel near Notre Dame – a 12-minute journey. Continue reading...
theguardian.com
Brexit: how it has hit your wallet at the supermarket and on holiday
Ten years on, leaving the EU has made life more difficult and costly – here are some of the ways we’ve lost outIt is 10 years since voters in the UK chose to leave the EU, and our wallets have been feeling the effects ever since.From paying more to take the dog on holidays in France – and making calls while you are there – to higher grocery bills and the headache of filling in customs forms for parcels, Brexit has made many simple tasks more complicated and expensive. Continue reading...
bbc.co.uk
Toy Story 5 scores record opening weekend for franchise
The film's opening is a return to form for Disney and Pixar after facing notable challenges in recent years.
bbc.co.uk
Is Germany looking again at coal-powered electricity?
It had planned to abandon the fuel, but the higher cost of natural gas may make it think again.
bbc.co.uk
Fake romance to missed deliveries: How to protect yourself from three common scams
Romance and investment fraud is at record levels but what can you do to prevent being caught out.
bbc.co.uk
'I couldn't sleep when I heard the last bank would close'
When 84-year-old Maggie Dodd discovered that the last remaining bank in Lochgilphead was closing, she began to panic.
bbc.co.uk
Wowcher sorry for 'unacceptable' crocodile attack email
The firm's marketing email appeared to reference an incident involving a toddler at a zoo.
theguardian.com
‘Slug sleuth’ farmers in England help develop prediction tool to cut back on pesticide use
Maps created as part of Defra-funded Slimers project allowed test growers to halve amount of slug pellets usedFarmers believe they have a new weapon in their age-old battle against the slugs that destroy their crops: modern technology.Slug prediction maps, which have been created by computer models as part of a research project, are now helping growers to better target the use of pesticides, saving them money and reducing environmental harm. Continue reading...
bbc.co.uk
Fuel sales halted in occupied Crimea as Ukraine targets oil facilities
Fuel had already been rationed due to shortages caused by Kyiv's attacks against supply routes in Russian-occupied territories.
theguardian.com
How Europe’s EV makers shrank their product to challenge the bloated SUVs
Smaller, cheaper cars built for narrow city streets are becoming more stylish – but require careful design decisionsThe winding backstreets of London, Paris and Rome are a large part of their charm. But they are also a problem for electric carmakers. For a long time, squeezing big batteries into smaller, cheaper cars to fit European streets was too much of a problem, so manufacturers focused on bloated SUVs instead.But that is finally changing. Battery technology has improved and Europe’s carmakers havecut manufacturing costs enough that they can now sell cars that might have a chance of fitting down a medieval lane or two. Continue reading...
bbc.co.uk
Money Box
Civil service pensioners face further delays to payments.
bbc.co.uk
Do you want to know the secret to haggling with call centres?
Martin Lewis explains how your TV, phone, breakdown cover, insurance and more could be cheaper!
bbc.co.uk
Who had the best World Cup advert?
BBC Sport looks at the numbers behind both Nike and Adidas' World Cup adverts.
bbc.co.uk
Americast
The US economy backs Elon Musk’s vision for AI and sending people into space
bbc.co.uk
Five ways the Iran peace deal could affect you and your money
With fuel and gas prices having fallen in recent days, we look at how the end of hostilities might affect you - in five charts.
bbc.co.uk
What's happening to UK petrol and diesel prices now the US and Iran have a deal?
When the conflict began on 28 February, fuel costs jumped as the war disrupted the production and transportation of energy across the Middle East.
bbc.co.uk
The artificial ice pyramids saving India's mountain villages
Himalayan villages are creating artificial glaciers to guarantee water for their crops in the spring.
bbc.co.uk
Business Daily
Which jobs could be most resistant to the rise of AI?
bbc.co.uk
'We had to get out of the way': The backlash over delivery robots
As the delivery vehicles increasing take to US streets, bans and protest groups are springing up.
bbc.co.uk
What is Helium-3 and could we get it from the moon?
Helium-3 is expensive and demand is forecast to soar, so some are planning to mine it on the moon.
bbc.co.uk
Why I sold my business to my staff
As more US company owners reach retirement age many are selling up to their employees.
bbc.co.uk
India's 'blue gold' starts a new drinks industry
Agave plants grow wild in India and new distillers are using them to create a spirits industry.
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
New candy stores are popping up across NYC. Why?
While US consumer confidence is at an historic low the Big Apple's sweet shops are expanding.
bbc.co.uk
Could humanoid robots be heading for the battlefield?
Armed forces are experimenting with humanoid robots, but battlefield deployment is some way off.
bbc.co.uk
Spain's visitor numbers hit new highs as tourists avoid Middle East
The European country had 9.1 million international visitors in April, the most ever for that month.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The ancient trick making food waste useful and tasty
Instead of throwing away byproducts of food processing, fermentation is making them valuable.
bbc.co.uk
'By the grace of God': Miners dig on as lab-grown diamonds change market
The rising popularity of lab-grown diamonds heaps pressure on those hunting for the natural gems.
bbc.co.uk
How 'confused' AI rollout hurts firms and baffles staff
Some firms are putting pressure on staff to use AI, but have not thought through their AI rollout.
bbc.co.uk
Caribbean hot sauce producers warn of shortages and higher prices
Manufacturers in Jamaica say the key chilli peppers they need are in limited supply.
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
bbc.co.uk
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
bbc.co.uk
Scammers are becoming ever more sophisticated - this is what the fightback looks like
Scams have exploded over the last few years. Can countries and companies come together to turn the tables on the scammers?
💬 Comments